Virtual Insurance Agent Insurify with License Plate Quote Feature Raises $2 Million January 28, 2016 By Andrew G. Simpson Consumers will soon be able to simplify the buying of auto insurance by snapping a photo of their license plate...
‘Old’ ACE, Chubb Report Q4, Full Year 2015 Results January 27, 2016 By Andrew G. Simpson Just shy of two weeks after closing on their merger, ACE Ltd. and Chubb Corp. released financial results for their...
The Zebra Is Latest Insurance ‘Disrupter’ to Attract Funding January 26, 2016 By Andrew G. Simpson The Zebra, an online auto insurance comparison company, said it has closed $17 million in Series A funding with investment...
AIG CEO Says Future Split Possible, But Downplays SIFI Risk; Will ‘Narrow’ P/C Focus January 26, 2016 By Andrew G. Simpson American International Group (AIG) CEO Peter Hancock, who announced the sale of the company’s AIG Advisor Group and a partial...
Icahn Renews Attack on AIG CEO Hancock; Insists ‘Drastic Shift’ Needed January 19, 2016 By Andrew G. Simpson Activist investor Carl Icahn has again called for American International Group (AIG) to be divided into three separate companies and...
ACE and Chubb Are Now One; New Chubb Brand Logo Unveiled January 15, 2016 By Andrew G. Simpson ACE Limited completed its acquisition of Chubb yesterday, creating the world’s largest publicly traded property/casualty insurance company. ACE paid approximately...
Obama Nominates 4 to NARAB National Producer Licensing Governing Board January 12, 2016 By Andrew G. Simpson President Barack Obama has nominated four individuals to sit on the 13-member governing board of a new national insurance producer...
Insurance Execs’ Midlife Crisis Cure: Four AIG, ACE Veterans Join Startup P2P Insurer Lemonade January 12, 2016 By Andrew G. Simpson An instech startup looking to disrupt the property/casualty insurance industry with a new business model has turned to four seasoned...
Crash Rates Lower for Self-Driving Cars: Virginia Tech Study January 11, 2016 By Andrew G. Simpson Crash rates for self-driving cars are lower than the national crash rate of conventional cars, according to a new report...
Entrepreneurs Raise $13 Million to ‘Reinvent’ U.S. P/C Insurance with Peer-to-Peer Insurer Lemonade January 11, 2016 By Andrew G. Simpson The U.S. property/casualty insurance industry is about to be tested directly by the sharing economy. Two tech entrepreneurs have raised...